Whether your walls are decorated with oil paintings or your cabinets are filled with antiques, you’ll want to make sure your items are covered should the worst happen. That’s where insurance for collectables and art (including paintings, antiques and coins) comes in.
Covering art and collectables with home insurance
Insuring artwork at home
Artwork in the home is generally covered by your home insurance contents policy. When choosing your policy, it’s worth considering how much cover you think you need.
Our cover levels will pay towards the total cost of valuables in the home up to the following amounts:
Our Bronze cover will pay up to £10,000
Our Silver cover will pay up to £20,000
Our Gold cover will pay up to £40,000
If the total value of your items is more than £40,000, our Specialist Home Insurance provides extra coverage.
This covers the cost of restoring lost or damaged items and any residual depreciation too. And if your artwork is lost or damaged within 6 months of the artist's death, we will pay for any increase in value as a result of their death (up to 200% of the sum insured).
How much is my collection worth?
A professional valuation will help you insure your art collection for an accurate price.
If you’ve overestimated the value of your collection, you may be paying for more than you need. And if you’ve underestimated, you may not receive the correct payout if you need to make a claim.
Getting your art or collectables valued
To get your art or antique collection valued by a professional, we recommend you:
Find the most suitable professional for the job
Ask for a valuation report
If you’re unhappy with the valuation ask for a second or third opinion
Contact your insurance provider with your valuation report to hand
Some tips for getting specific items valued:
For conventional pieces of art and antiques, try auction houses and specialist dealers.
For a coin collection, try the Royal Mint.
If your collectables are a bit more out of the ordinary, you might need an expert enthusiast.
Get regular valuations every 2-3 years or when changing insurance providers. This will ensure you are covered at an up-to-date price. If the value of an item changes, let your insurance provider know - you might have to upgrade your level of cover.
How much cover do I need?
There are a few things to consider when choosing your level of cover:
1. What’s the single article limit for individual pieces of art and collectables?
This is the maximum amount an insurance provider will pay out for an individual item. Some sets of vases or a series of collectable figures might be treated as a single article, for example.
2. What’s the maximum payout for all of your art and collectables?
It depends on your level of cover. Remember to check that the maximum limit covers any purchases you’re planning in the near future.
|Replacement cost of total valuables||£10,000||£20,000||£40,000||Bespoke|
|Valuables single article limit (unspecified items)||£3,000||£3,000||£3,000||Bespoke|
|Valuables single article limit (specified items)||£10,000||£20,000||£20,000||Bespoke|
*Policy limits apply, including single item and total valuables limits.
Do I need specialist cover for my art and collectables?
Our Bronze, Silver and Gold cover levels protect unspecified art and collectables costing up to £3,000.
If your collection includes more expensive pieces, you might want to consider our Specialist Cover. This has bespoke total limits and any single item limits can also be discussed with our expert underwriters.
Are my collectables covered outside the home?
You may have children regularly playing near your favourite pieces, or perhaps you’ve never quite hung that frame out of arm's reach. If so, accidental damage cover can offer you peace of mind.
How to insure your art and collectables with John Lewis Finance
We always ask for a few details about you and your home. Any other information we need will depend on your level of cover.
For our Bronze, Silver and Gold policies, we’ll ask for:
Professional valuations for items less than five years old
Original purchase receipts for any specified art and collectables valued at £5,000 or more
For our Specialist Home Insurance, we’ll ask for:
Professional valuations every five years for individual art and collectables worth £25,000 or more
If you provide photographs of the items in your collection we can process your claim quicker. Remember to update us about new purchases or additions to your collection that could increase the overall value. We may suggest you upgrade your level of cover.
Guides and articles
John Lewis Finance, John Lewis Home Insurance and John Lewis & Partners are all trading names of John Lewis plc. Registered office: 171 Victoria Street, London SW1E 5NN. Registered in England and Wales (Registered Company Number 233462). John Lewis plc is an appointed representative of Munich Re Digital Partners Limited, a company authorised and regulated by the Financial Conduct Authority to carry on insurance distribution activities.
John Lewis Finance, John Lewis Insurance and John Lewis & Partners are all trading names of John Lewis plc. Registered office: 171 Victoria Street, London SW1E 5NN. Registered in England and Wales (Registered Company Number 233462). John Lewis plc is an appointed representative (Financial Conduct Authority no. 416011) of Covea Insurance plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registration no. 202277). John Lewis Specialist Home Insurance is underwritten by Covea Insurance plc. Registered Office: A&B Mills, Dean Clough, Halifax, HX3 5AX. Registered in England and Wales (registration no. 613259).